Cupertino, Calif. - Nine major Hollywood studios said that they will begin releasing their movies on Cupertino-based Apple's iTunes on the same day they're released on DVD.

The movies will be priced at $14.99. Participating studios include 20th Century Fox, The Walt Disney Studios, Warner Bros., Paramount Pictures, Universal Studios Home Entertainment, Sony Pictures Entertainment, Lionsgate, Image Entertainment and First Look Studios.

The iTunes Store now offers more than 1,500 films, including 200 in HD, with most catalog titles priced at $9.99.

http://www.apple.com/pr/library/2008/05/01itunes.html